On August 11, according to market news, Evergrande’s Evergrande property will be sold to enterprises led by Vanke.
It is understood that Vanke has repeatedly taken over the assets of other real estate enterprises. For example, it spent 2.4 billion yuan to acquire Taihe Group last August and plans to acquire more projects of Blu ray development this year.
New media of viewpoint real estate learned that Evergrande property rebounded by about 8% today to HK $7.23, with a market value of about HK $78.3 billion.
In addition, according to the announcement last night, Evergrande motor and Evergrande property said that China Evergrande group, the controlling shareholder of the company, was contacting potential independent third-party investors to discuss the sale of some of its assets, including some of the equity interests of Evergrande motor and Evergrande property held by China Evergrande.
According to Reuters on August 9, people familiar with the matter disclosed that Chinese real estate developer Evergrande group is negotiating with state-owned assets and private enterprises to sell its shares in new energy vehicles and property management business.
Related news: China Evergrande plans to sell assets
On the evening of August 10, China Evergrande announced that the company was contacting several potential independent third-party investors to discuss the sale of some of the company’s assets, including but not limited to the sale of some interests of China Evergrande New Energy Vehicle Group Co., Ltd. and Evergrande Property Group Co., Ltd., the listed subsidiaries of the company.
Source: company announcement
The announcement said that as of the date of the announcement, no specific plan or formal agreement had been determined or entered into. If the final agreement of the plan is implemented, the company will make further announcement.
CSI Jun learned from people close to China Evergrande that potential independent third-party investors include state-owned enterprises and private enterprises. The specific rules are being clarified, and the participants are talking about the transaction price and share purchase, or they may land soon.
The company actively “self rescue”
Just as China Evergrande group issued an announcement, Evergrande motor also issued a similar announcement.
Source: Evergrande automobile announcement
Due to liquidity problems, China Evergrande kept bad news during the year, but the company actively “saved itself”. On the evening of August 1, Hengteng network, a Hong Kong listed company, announced that China Evergrande planned to transfer 11% of the company’s equity, with a total price of HK $3.25 billion.
According to the data disclosed by China Evergrande on the evening of July 1, in the first half of the year, the company achieved a property contract sales amount of 356.79 billion yuan and a cumulative collection of 321.19 billion yuan.
Xu Jiayin, chairman of the board of directors of China Evergrande, previously said that the company’s eight industries have four listing platforms and will successively spin off other industries for listing in the future.